Divided between common and preferred stock

Reference no: EM13144245

Mega, Inc., has common and 6 percent preferred stock outstanding as follows:

Preferred stock: 10,000 shares, $100 par value, cumulative

Common stock: 50,000 shares, $50 par value

The company declares a total dividend of $200,000.

Required:

If the dividends on preferred stock are one year in arrears (in addition to the current year), how will the total dividend be divided between the common and preferred stock?

Reference no: EM13144245

Questions Cloud

Fixed assets and increased net working capital : Thompson's Jet Skis has operating cash flow of $218. Depreciation is $45 and interest paid is $35. A net total of $69 was paid on long-term debt. The firm spent $180 on fixed assets and increased net working capital by $38. What is the amount of t..

Make a schedule computing the equity income to be recognized : In addition, Gibson sold inventory costing $90,000 to Miller for $150,000 during 2008. Miller resold $80,000 of this inventory during 2008 and the remaining $70,000 during 2009. Make a schedule computing the equity income to be recognized by Gibson..

Persuasion technique : Why is low-balling an effective persuasion technique? How does dissonance reduction after a moral decision affect people's tendency to behave ethically or unethically in the future? Do you agree or disagree?

What is the ph of the solution : The concentration of Mg2+ in a sample of water is 262 mmol/L At what pH will 99% of the Mg2+ be precipitated as Mg(OH)2? Ksp = 8.9 x 10-12

Divided between common and preferred stock : If the dividends on preferred stock are one year in arrears (in addition to the current year), how will the total dividend be divided between the common and preferred stock?

Compute the concentration of ethanol in wine : Calculate the concentration of ethanol in wine in terms of mass percent and molality. mass percent? answer in % molality? answer in mol/kg

Calculate operating income if selling price is raised : Calculate operating income if the selling price is raised to $88 per unit, advertising expenditures are increased by $16,000 per month, and monthly unit sales volume becomes 5,200.

Prepare journal entries for virginia and stateside : a. Prepare journal entries for Virginia and Stateside to record the sales/purchases during 2010. b. Prepare the consolidation entries that should be made at the end of 2010. c. Prepare any 2011consolidation worksheet entries that would be required re..

What are actions that various entities initiate to record : What are the actions that various entities initiate to properly record, monitor, and balance these elements within the balance sheet and income statement?

User Account

All Pages